South African retail sales slip 1.7% year-on-year in January

By bne IntelliNews March 19, 2010
Statistics South Africa reported this week South Africa'sretail sales fell by 1.7% y/y in January at constant prices, compared with aslightly revised 3.8% decline in December. According to Reuters, the bureausaid retail sales decreased by 4.1% in the three months to January y/y, also atconstant prices. Economists polled by Reuters forecast a 2.5% y/y fall inretail sales for January, the agency said.

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